Financial impediments for foreign investors come in many shapes and sizes.  In this instance, Brazil is acknowledging the problem of a dearth of residential mortgage lending, to foreigners looking to acquire a home in Brazil.  Although in theory the Central Bank allows foreign investors to have access to finance, in practice it does not really happen.  Mr de Souza (the general co-ordinator for investment promotion at the Brazilian Ministry of Tourism) remarked, “In some rare circumstances, for example when a foreign buyer already has an account with an international bank such as HSBC, it happens, but the system for people to get finance is not really in place.” This is set to change, and is another step in foreign investment liberalization that is occurring in Brazil, and which contributes to what has become a very vibrant economy.

Mortgages for Brazil Property Investment on the Horizon